Insider trading case kicks off

Michael Bow is a reporter at City A.M. covering private equity, funds, investments and asset managers. He can be reached on michael.bow@cityam.com

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Michael Bow

AN unemployed man has gone on trial at Southwark Crown Crout charged with six counts of insider trading related to shares traded on the London Stock Exchange.

Richard Joseph, 43, is accused of trading in the shares of six publicly listed companies between September 2007 and July 2008 allegedly using price sensitive information given to him by a printer who worked in the print room of JP Morgan Cazenove.

He denies the charges. JP Morgan is not accused of any wrongdoing and bear no corporate responsibility for what allegedly took place.